– GE Vernova has invested $10.2 million in the Xlinks Morocco – UK power project
– The project is expected to supply 8% of Britain’s electricity needs with wind, solar generation, and battery storage
– The electricity generation and storage facilities in south Morocco will be connected to Britain via 4,000km HVDC sub-sea cables.
GE Vernova has invested $10.2 million in the Xlinks Morocco – UK power project, making them a minority stakeholder. This project, which combines wind and solar generation with battery storage, is expected to supply 3.6GW, meeting around 8% of Britain’s electricity needs. The electricity generated in south Morocco will be connected to Britain via 4,000km of HVDC sub-sea cables, with other investors including TAQA, TotalEnergies, Octopus Energy, and AFC.
Nomi Ahmad, CEO of GE Vernova’s Financial Services business, emphasized the importance of collaboration in the energy sector to deliver more affordable renewable energy to help the UK meet its net zero goals. The Xlinks project will help address the UK’s increasing electricity demands, which are projected to double by 2050 due to electrification of heating, transportation, and industry.
The project is also expected to create job opportunities, particularly in Morocco, and contribute to the country’s status as a regional energy hub. James Humfrey, CEO of Xlinks First Ltd, highlighted the significance of GE Vernova’s investment in advancing the Morocco – UK Power Project’s development and their commitment to providing the UK with reliable, affordable, and zero-carbon energy.